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16 ) HARRISBURG <br />MARKET CONDITIONS PROJECTIONS <br />DEMAND/OPPORTUNITY SUMMARY <br />Units/SF Demanded I Notes <br />For -Sale Residential <br />4,715 total units <br />Close to half could be for smaller lottownhouse, or villa <br />169 <br />189 <br />product—creating lifestylethe key <br />Rental Residential <br />1,180 units <br />Opportunities to serve older adults in Harrisburg, provide <br />344 <br />386 <br />udder array of options for Millennials and others <br />Office131,000 <br />local <br />Mostly local -serving, smaller uses—requires placemaking/lifestyle <br />242 <br />Add'I demand potential beyond study area <br />161 <br />Retail <br />730,000 SF (net after Farmington) <br />Creating mixed-use,walkable areas key to capturing demand <br />Industrial <br />700,000 SF <br />Situated (and connected) for more opportunity for distribution <br />81 <br />90 <br />to Charlotte region <br />RESIDENTIAL MARKET TRENDS MAJOR <br />GENERATIONAL SHIFTS <br />GREATER INTEREST IN MORE WALKABLE/URBAN LOCATIONS: <br />• 47% say it's very important to live and work without relying on a car <br />• Car ownership actually decreasing from 73% in 2007 to 66% in 2011 <br />• 64%prefer/require walkable locations <br />• 62% want to live in mixed-use communities in close proximity <br />to shopping, dining, and work. <br />• Half want to live in Suburban locations (shown at right) vs. <br />Urban ones an opportunity for Harrisburg. <br />FOR -SALE HOUSING DEMAND 2015-2040 <br />2015- 2020- 2025- 2030- 2035- <br />• Harrisburg has potential to 2020 1 2025 1 2030 2035 1 2040 <br />support around 4,715 new <br />owner households between <br />2015 and 2040 <br />• 87% or so of this demand <br />can be for detached products, <br />nearly half of which could be <br />for smaller -lot single-family or <br />villa/patio homes <br />• Smaller offerings of town- <br />houses and condos are sup- <br />portable. <br />Small -Lot SDF <br />254 <br />151 <br />169 <br />189 <br />212 <br />974 <br />Averagell-arge Lot SDF <br />579 <br />344 <br />386 <br />432 <br />484 <br />2,225 <br />Villa/Pado Home <br />242 <br />144 <br />161 <br />181 <br />203 <br />931 <br />Townhouse <br />121 <br />72 <br />81 <br />90 <br />101 <br />466 <br />Condo <br />31 <br />19 <br />21 <br />23 <br />26 <br />120 <br />Total <br />1,228 <br />729 <br />817 <br />916 <br />1,026 <br />4,715 <br />Attachment number 6 \n <br />G-1 Page 137 <br />